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Free Trade Agreement Us Chile

From a trade perspective, it has been argued that a U.S.-Chile free trade agreement would support U.S. initiatives with the U.S. Free Trade Area (EAFTA), currently under negotiation, by encouraging greater Chilean support for U.S. issues and perhaps even helping to define important negotiating parameters (e.g. B labour and environmental provisions) which could set precedents. (2) The Free Trade Agreement between the United States and Chile has also been proposed as a compelling argument for the adoption of APT legislation, which would serve as a signal of the United States` commitment to pursue and conclude trade agreements with Latin America and the rest of the world. A synthesis of the political objectives of the agreement, including “Contribution to hemispheric integration and the achievement of the objectives of the Free Trade Area of the Americas” With the implementation of the free trade agreement between the United States and Chile, Chile joined a select group of five other countries that have concluded a free trade agreement with the United States (Canada, Mexico, Jordan, Israel and Singapore). As one study has pointed out, it differs from previous attempts at economic integration in Latin America, which are fundamentally unsuccessful, by emphasizing trade openness instead of collective subregional protectionism. (7) Trade data reflect Chile`s open and independent trade policy. Exports to the world increased by 89% over the eight years 1993-2001 (see Figure 1) and imports increased by 56%. Although Chile is not a member of the Andean Community or a full partner of Mercosur, its fastest intraregional export growth has been evidence of Chile`s trade strategy combining the unilateral removal of customs and non-tariff barriers and aggressive efforts towards bilateral agreements.

From 1993 to 2001, Chilean exports increased by 126% to Latin America, compared to 100% to the United States, 43% to Japan, 70% to the rest of Asia and 71% to the European Union. . . .